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BlueMountain Capital makes follow-on investment in Global Lending Services

Funds managed by New York-based investment firm BlueMountain Capital Management LLC have made a follow-on growth equity investment in Global Lending Services LLC, a nonprime auto finance lender.

Additionally, BlueMountain is in the final stages of completing a whole loan purchase facility that would finance future originations at Global Lending.

Back in 2012, Global Lending secured $100 million in capital from funds managed by BlueMountain, and the latter acquired a majority interest in the company.